Northern Foods sees results meeting expectations

SarahTurner

LONDON (MarketWatch) -- British food producer Northern Foods
uk:nfds
said Tuesday that it expects first-half results to meet management expectations. The producer of ready meals, sandwiches and salads, pizza, biscuits and puddings said that market conditions remain competitive but it has delivered a solid operating performance in the 26 weeks to Sep. 26. Comparable sales rose 2.9% in the period while total sales were constant as strong growth in underlying revenue in chilled foods and bakery products offset a decline in frozen foods. "We maintain our momentum and enter the second half of our financial year in a solid financial and operating position," the firm said.

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